Oracle Sees Unusually Large Options Volume (ORCL)
Oracle Co. (NYSE:ORCL) saw some unusual options trading activity on Friday. Stock investors bought 6,245 put options on the stock. This represents an increase of approximately 109% compared to the typical daily volume of 2,994 put options.
Shares of Oracle (NYSE:ORCL) opened at 44.56 on Wednesday. The stock’s 50 day moving average price is $44.72 and its 200-day moving average price is $41.88. Oracle has a 52 week low of $37.62 and a 52 week high of $46.99. The company has a market cap of $183.35 billion, a PE ratio of 21.08 and a beta of 1.14.
Oracle (NYSE:ORCL) last posted its quarterly earnings data on Wednesday, March 15th. The enterprise software provider reported $0.69 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.62 by $0.07. Oracle had a return on equity of 21.33% and a net margin of 23.69%. The business had revenue of $9.27 billion for the quarter, compared to analysts’ expectations of $9.25 billion. During the same quarter in the previous year, the firm earned $0.64 earnings per share. The business’s revenue was up 2.9% on a year-over-year basis. Analysts expect that Oracle will post $2.63 EPS for the current year.
The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, April 26th. Shareholders of record on Wednesday, April 12th were given a $0.19 dividend. The ex-dividend date was Monday, April 10th. This represents a $0.76 annualized dividend and a yield of 1.71%. This is a boost from Oracle’s previous quarterly dividend of $0.15. Oracle’s payout ratio is currently 28.99%.
Several brokerages have recently commented on ORCL. Zacks Investment Research downgraded shares of Oracle from a “buy” rating to a “hold” rating in a research note on Tuesday. Wedbush restated a “neutral” rating and issued a $43.00 target price on shares of Oracle in a research note on Thursday, April 13th. Jefferies Group LLC reaffirmed a “buy” rating and issued a $52.00 price target on shares of Oracle in a report on Friday, May 19th. Barclays PLC lifted their price target on Oracle from $47.00 to $51.00 and gave the company an “overweight” rating in a report on Thursday, March 16th. Finally, Rosenblatt Securities lifted their price target on Oracle from $48.00 to $55.00 and gave the company a “buy” rating in a report on Tuesday, April 4th. One investment analyst has rated the stock with a sell rating, fifteen have given a hold rating, twenty-five have given a buy rating and one has given a strong buy rating to the stock. The stock presently has an average rating of “Buy” and an average target price of $46.42.
In other news, CEO Mark V. Hurd sold 700,000 shares of the business’s stock in a transaction on Thursday, March 16th. The shares were sold at an average price of $46.44, for a total value of $32,508,000.00. Following the sale, the chief executive officer now owns 903,891 shares in the company, valued at approximately $41,976,698.04. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Hector Garcia-Molina sold 3,750 shares of the business’s stock in a transaction on Wednesday, March 15th. The shares were sold at an average price of $42.86, for a total transaction of $160,725.00. Following the completion of the sale, the director now owns 8,281 shares in the company, valued at approximately $354,923.66. The disclosure for this sale can be found here. Insiders sold a total of 6,834,841 shares of company stock worth $309,094,949 in the last 90 days. 29.00% of the stock is owned by corporate insiders.
A number of hedge funds and other institutional investors have recently bought and sold shares of the company. Genovese Burford & Brothers Wealth & Retirement Plan Management LLC boosted its position in Oracle by 3,967.5% in the fourth quarter. Genovese Burford & Brothers Wealth & Retirement Plan Management LLC now owns 109,904 shares of the enterprise software provider’s stock valued at $110,000 after buying an additional 107,202 shares in the last quarter. Reilly Financial Advisors LLC boosted its position in Oracle by 8.7% in the first quarter. Reilly Financial Advisors LLC now owns 2,503 shares of the enterprise software provider’s stock valued at $112,000 after buying an additional 200 shares in the last quarter. Mitsubishi UFJ Securities Holdings Co. Ltd. boosted its position in Oracle by 1,150.0% in the first quarter. Mitsubishi UFJ Securities Holdings Co. Ltd. now owns 2,500 shares of the enterprise software provider’s stock valued at $112,000 after buying an additional 2,300 shares in the last quarter. Gradient Investments LLC boosted its position in Oracle by 79.9% in the first quarter. Gradient Investments LLC now owns 2,548 shares of the enterprise software provider’s stock valued at $114,000 after buying an additional 1,132 shares in the last quarter. Finally, TrimTabs Asset Management LLC boosted its position in Oracle by 88.8% in the first quarter. TrimTabs Asset Management LLC now owns 2,687 shares of the enterprise software provider’s stock valued at $120,000 after buying an additional 1,264 shares in the last quarter. 57.95% of the stock is currently owned by institutional investors and hedge funds.
Oracle Corporation (Oracle) provides products and services that address all aspects of corporate information technology (IT) environments, including application, platform and infrastructure. The Company’s businesses include cloud and on-premise software, hardware and services. Its cloud and on-premise software business consists of three segments, including cloud software and on-premise software, which includes Software as a Service (SaaS) and Platform as a Service (PaaS) offerings, cloud infrastructure as a service (IaaS) and software license updates and product support.
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